EQUITY LEGAL SERVICES INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

NICOLE NELSON

Phone

6186939800

Tax Period

2025-01-01 to 2025-12-31

EQUITY LEGAL SERVICES INC, founded in 2018, is a small nonprofit in the Crime & Legal sector that reported $454K in total revenue in fiscal year 2025. Revenue fell 38% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 27 months of operating reserves.

Mission

LEGAL SERVICES NON-PROFIT ORGANIZATION THAT WORKS ALONGSIDE COMMUNITIES OF COLOR AND OTHER HISTORICALLY UNDERSERVED COMMUNITIES WHO ARE REGULARLY IMPACTED BY ENVIRONMENTAL AND STRUCTURAL POVERTY ISSUES WITH AN EMPHASIS ON LEGAL ASSISTANCE, ADVOCACY, AND COMMUNITY EMPOWERMENT.

Program Service Accomplishments

Program 1

Expenses: $335,809 Revenue: $10,503

LEGAL SERVICES NON-PROFIT ORGANIZATION THAT WORKS ALONGSIDE COMMUNITIES OF COLOR AND OTHER HISTORICALLY UNDERSERVED COMMUNITIES WHO ARE REGULARLY IMPACTED BY ENVIRONMENTAL AND STRUCTURAL POVERTY...

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $377,204

Program Service Revenue $0

Investment Income $19,992

Other Revenue $56,723

TOTAL REVENUE $453,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,472

Fundraising Expenses $38,837

Program Expenses $335,809

Other Expenses $81,323

TOTAL EXPENSES $444,795

Year-over-Year Comparison

	2025	2024	Change
Revenue	$453,919	$729,428	-0.4%
Expenses	$444,795	$460,085	0.0%
Net Income	$9,124	$269,343	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRANCE DUNCAN	President	3.00	Officer Director	$0	$0	$0
KHORAN READUS	Trustee	3.00	Director	$0	$0	$0
TERRY DAILY-DAVIS	Trustee	3.00	Director	$0	$0	$0
CECE ARZAGA	Trustee	3.00	Director	$0	$0	$0
LAUREN BARTLETT	Trustee	3.00	Director	$0	$0	$0
SANDY LOFTUS	Trustee	3.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$453,919	$444,795	$1,018,473	$9,124
2024	No data	No data	No data	No data
2023	$579,503	$353,474	$740,402	$226,029
2022	$455,867	$196,506	$513,389	$259,361
2021	$282,663	$129,873	$247,839	$152,790